Corporate Information & Governance
Our Approach to Corporate Governance
Board Responsibility
The Board is responsible for setting the strategic direction of the Company and overseeing its implementation. This includes ensuring effective systems are in place for:
- – Risk management
- – Internal controls
- – Legal and regulatory compliance
The Board is supported by specialist committees focusing on audit, risk, remuneration, and nominations.
Our Governance Principles
Our governance framework is designed to:
- – Promote integrity and ethical decision-making at all levels
- – Safeguard the interests of shareholders and stakeholders
- – Ensure effective oversight of financial reporting and risk management
- – Support independent thinking, diversity, and strong leadership within the Board
We regularly review and update our governance practices to reflect evolving regulatory expectations and best practice.
Board Committees
Credit, Audit & Risk Committee
Renumeration and Nomination Committee
It also leads the process for identifying and recommending candidates for the Board and senior management, ensuring an appropriate balance of skills, experience, and diversity. Key responsibilities include succession planning, monitoring Board composition, and ensuring a formal and transparent appointment process.
The Committee meets at least once a year and is supported by a designated executive independent of commercial functions, who manages meeting administration and record-keeping. In the event of a tied vote, the Chair holds the casting vote.
Aquis Rule Compliance Committee
The Committee is supported by the Company Secretary, who serves as secretary, and by a designated executive independent of commercial functions, who manages meeting administration, documentation, and operational support. In the event of a tied vote, the Chair has the casting vote.
Governance Code of Compliance
We are committed to following recognised standards of good governance. The Board has adopted the principles of the QCA Corporate Governance Code, which provides a framework for effective leadership, accountability, and transparency.
Our governance practices are reviewed regularly to ensure compliance with the code’s requirements and alignment with best practice standards.
This includes:
• Maintaining a clear division of responsibilities between the Board and management.
• Ensuring the Board has an appropriate balance of skills, experience, and independence.
• Promoting integrity, ethical conduct, and stakeholder engagement.
• Providing transparent reporting on financial performance and risk management.
• The Board intending to meet at least six times a year.
• Additional meetings may be held to ensure continuous compliance with the AQSE Growth Market Access Rulebook and maintain effective communication with the Company’s AQSE Corporate Adviser on all regulatory matters and announcements
A detailed statement of compliance with the QCA Corporate Governance Code is available in our Annual Report and on this website [insert link]. We remain committed to continuous improvement and to upholding the highest standards of governance.
